Mexico will launch a program to verify the origin of 113
imported steel products and fight unfair trade practices,
economy minister Ildefonso Guajardo said Sept. 11 at an
While the minister
hasnt disclosed further information on the program,
Canacero general manager Salvador Quesada Salinas said it
basically will "verify what is being imported and at which
prices" in order to prevent "importers from making trade
The program will cover
about 70 percent (some 6 million tonnes) of Mexicos steel
imports, including slab, rebar and wire rod, Quesada Salinas
said at the 3rd Mexican Iron and Steel Conference, organized by
Mexican steel association Canacero.
Under the program,
which will launch within the next few days, importers inform
the Mexican Secretariat of Economy of what type of steel
products will be imported.
Importers must attach
certificates from the exporting steel mills to documents
presented to Mexicos tax administration service in order
to be able to carry out inspections.
The secretariat will
respond within 24 hours regarding whether it will accept the
If importers fail to
attach steel mill certificates or distort any information,
"they would incur criminal implications," Quesada Salinas
version of this article was first published in AMM sister
publication Steel First.